MT-SERVICE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MT-SERVICE
Largest movements
- Financial fixed assets -€187,500
down €187,500 (-99.0%), from €189,420 to €1,920
- Cash -€96,029
down €96,029 (-50.0%), from €191,964 to €95,935
mainly Trade debts (-€326,386) and Other debts (-€109,512)
- Receivables within one year +€48,603
up €48,603 (+6.3%), from €765,592 to €814,195
of which Other amounts receivable: +€24,834
- Tangible fixed assets +€17,554
up €17,554 (+22.7%), from €77,162 to €94,716
of which Furniture and vehicles: +€19,263
- Deferred charges and accrued income +€13,417
up €13,417 (+323%), from €4,160 to €17,577
- Trade debts -€326,386
down €326,386 (-64.4%), from €506,901 to €180,515
- Short-term financial debts +€248,671
up €248,671 (+216%), from €114,944 to €363,615
- Other debts -€109,512
down €109,512 (-47.1%), from €232,527 to €123,015
- Tax, wage and social debts +€61,007
up €61,007 (+60.0%), from €101,704 to €162,711
of which Taxes: +€47,128
- Profit (loss) carried forward -€53,109
down €53,109 (-27.6%), from €192,561 to €139,451
- Gross operating margin -€299,444
down €299,444 (-25.2%), from €1.2m to €887,207
- Taxes -€82,674
down €82,674 (-88.1%), from €93,812 to €11,138
- Provisions -€59,645
down €59,645, from €20,950 to -€38,695
- Staff costs +€47,719
up €47,719 (+5.8%), from €826,919 to €874,638
- Other operating charges -€23,930
down €23,930 (-46.9%), from €51,076 to €27,146
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,341,470 | €1,141,055 | -€200,415 | -14.9% |
| Fixed assets | 21/28 | €266,582 | €104,486 | -€162,096 | -60.8% |
| Intangible fixed assets | 21 | - | €7,851 | +€7,851 | |
| Tangible fixed assets | 22/27 | €77,162 | €94,716 | +€17,554 | +22.7% |
| Furniture and vehicles | 24 | €70,327 | €89,589 | +€19,263 | +27.4% |
| Other tangible fixed assets | 26 | €6,835 | €5,127 | -€1,709 | -25.0% |
| Financial fixed assets | 28 | €189,420 | €1,920 | -€187,500 | -99.0% |
| Current assets | 29/58 | €1,074,888 | €1,036,568 | -€38,320 | -3.6% |
| Stocks and contracts in progress | 3 | €113,171 | €108,861 | -€4,310 | -3.8% |
| Stocks | 30/36 | €113,171 | €108,861 | -€4,310 | -3.8% |
| Amounts receivable within one year | 40/41 | €765,592 | €814,195 | +€48,603 | +6.3% |
| Trade receivables | 40 | €749,927 | €773,696 | +€23,769 | +3.2% |
| Other amounts receivable | 41 | €15,665 | €40,499 | +€24,834 | +159% |
| Cash at bank and in hand | 54/58 | €191,964 | €95,935 | -€96,029 | -50.0% |
| Deferred charges and accrued income | 490/1 | €4,160 | €17,577 | +€13,417 | +323% |
| Total equity and liabilities | 10/49 | €1,341,470 | €1,141,055 | -€200,415 | -14.9% |
| Equity | 10/15 | €220,061 | €166,951 | -€53,109 | -24.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €25,000 | +€25,000 | |
| Other | 1109/19 | - | €25,000 | +€25,000 | |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €192,561 | €139,451 | -€53,109 | -27.6% |
| Provisions and deferred taxes | 16 | €64,780 | €26,085 | -€38,695 | -59.7% |
| Provisions for liabilities and charges | 160/5 | €64,780 | €26,085 | -€38,695 | -59.7% |
| Other liabilities and charges | 164/5 | €64,780 | €26,085 | -€38,695 | -59.7% |
| Amounts payable | 17/49 | €1,056,629 | €948,018 | -€108,611 | -10.3% |
| Amounts payable within one year | 42/48 | €1,051,428 | €948,018 | -€103,410 | -9.8% |
| Financial debts | 43 | €114,944 | €363,615 | +€248,671 | +216% |
| Credit institutions | 430/8 | €114,944 | €363,615 | +€248,671 | +216% |
| Trade debts | 44 | €506,901 | €180,515 | -€326,386 | -64.4% |
| Suppliers | 440/4 | €506,901 | €180,515 | -€326,386 | -64.4% |
| Advances received on contracts in progress | 46 | €95,352 | €118,163 | +€22,810 | +23.9% |
| Taxes, remuneration and social security | 45 | €101,704 | €162,711 | +€61,007 | +60.0% |
| Taxes | 450/3 | €17,422 | €64,550 | +€47,128 | +271% |
| Remuneration and social security | 454/9 | €84,282 | €98,161 | +€13,879 | +16.5% |
| Other amounts payable | 47/48 | €232,527 | €123,015 | -€109,512 | -47.1% |
| Accrued charges and deferred income | 492/3 | €5,202 | - | -€5,202 | |
| Remuneration, social security and pensions | 62 | €826,919 | €874,638 | +€47,719 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,517 | €38,352 | +€7,835 | +25.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,159 | +€5,159 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €20,950 | -€38,695 | -€59,645 | |
| Other operating charges | 640/8 | €51,076 | €27,146 | -€23,930 | -46.9% |
| Gross operating margin | 9900 | €1,186,651 | €887,207 | -€299,444 | -25.2% |
| Operating profit (loss) | 9901 | €257,189 | -€19,392 | -€276,581 | |
| Financial income | 75/76B | €100 | - | -€100 | |
| Recurring financial income | 75 | €100 | - | -€100 | |
| Financial charges | 65/66B | €30,482 | €22,579 | -€7,903 | -25.9% |
| Recurring financial charges | 65 | €30,482 | €22,579 | -€7,903 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | €226,807 | -€41,971 | -€268,778 | |
| Income taxes | 67/77 | €93,812 | €11,138 | -€82,674 | -88.1% |
| Profit (loss) for the period | 9904 | €132,994 | -€53,109 | -€186,104 | |
| Profit (loss) for the period to be appropriated | 9905 | €132,994 | -€53,109 | -€186,104 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.